St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-03-25
YESTERDAYS MARKET.
On the Chicago Board of Trade Wheat
Developed No New Features of
Importance.
The Leading Cereal Was Very Dull, With
the Export Business Light at
the Seaboard.
The Corn Receipts Were Large, With
Liberal Arrivals Expected
To-Day.
Transactions in the Financial Circles
of Wall Street. General
Quotations.
Snecial to the Globe.

Special to the Globe.
CHICAGO, March 24.-Trading on change
today was far from being exciting; 1t was
the same old grind from the opening to the
close. The interest in corn is on the increase,
but the outsiders have been wrong on the
market. The professionals are Still on the
bear side, and expect to cover at pront
either next week or along early in April. The
receipts look heavy, because they have Deen
so light for so long; but they are not as large
as they were at this time last year, anu this,
too although there is special influence (the
new law hurrying corn TO this market now
1t is not improbable that the May option will
bring 3Sc, but hardly likely. There are too
many shorts waiting to cover, too many bulls
expecting to buy at about that inquire. The
Chicago men are in the mood to sell wheat of,
and il is not unlikely that, with nothing to
brighten meantime, they will soon have sum-
moned courage to do it. The local crowd have
tired of the mystery Of the wheat deaf and
are half inclined to believe now that they
have been afraid of q bugbear. For q week
some OF the bears not the biggest of them,
however. have been courageouSly talking that
the deal was rotten" and that good attack
would demonstrate this. They have not yet
SUMMONED THE COURAGE,
however to make the attack, but the fair
weather and the lower cables and the diSap-
poiutment over the falling OF in new export
business are encouraging boldness. 1t is not
unlikely that another rad will be made on
wheat, such as drove it from see to roc. A
little more fair weather, or q little further
favorable progress toward good crops, or q
little more decisive generalization abroad
may decide the attack any time 1t isn't
worth while demonstrating the result.
1t might drive the clique from the
field. 1t might land all the raiders in the
clique's clutches. But such trial of the
strength of the bull clique will certainly soon
be made. Most Of the big operators here
with money and skill don't get out OF sight of
the wheat pit from the opening to the close.
They are watching for the first indication of
clique selling, the first sign of a disposition to
surrender. They will, when it comes, take
the market as they did on that bad break ut
the beginning Of the month, when it WASH t
possible for five minutes TO sell Mt all, except
after a decline of cents buShel. There is
certainly just now more than the ordinary air
of expectancy about wheat spectators. The
New York clearanceS were again disappoint.
Ing, only As, 900 bushels. The close was 500
GS05sc for May wheat; 39s40391ac for May
corn, and 791ac for May ribs.
THE ROUTINE REPORT.
CHICAGO, March 24.-The wheat market
was very dull to-day. Foreign advices quoted
wheat quiet, with prices tending lower. Ex-
port business was light at the seaboard, the
clearngs from three ports aggregating onlf
l35. 900 bushels. The receipts at eleven points
were 400, 900. May delivery opened at S07sc,
fell off TO S054c, rallied to size, broke off to
S015c, rallied and closed at S054@S0Hc. Corn
ruled very dull throughout both sessions and
the feeling was easier The market declined
3sGD12c from yesterdays closing figures and
closed at medium figures. Receipts were
larger than expected, with liberal arrivals
estimated for tomorrow. Oats were lifeless
with prices unchanged. There was very little
doing in mess pork. Prices for regular
pork are still quoted at S20020.25 per barrel,
old winter packed at S140l4.50, and new sum-
mer packed at S17@17.50. Lard was dull and
easy, declining 719@10c per 100 lbs Short
ribs were 21a@5c lower.
THE QUOTATIONS.
The leading futures ranged as follows:
Wheat-No. ,, March, opened at 1890, closing
ut 1514@153sc; May. S07sc, closing at 5000
S05sc; June, S01sc, closing at s0Hc; July,
1899, closing at 797sc. Corn-No. =. March,
3+3sc, closing at 341sc; May, 391ac, closing at
July. AYE, closing at 4lAG41asc. Oats
No =, March, 24c, closing at 24c; May, 2a5sc,
closing at 2S1sc; June, 29c, closing at 29c.
Mess pork, per barrel-March, $50 go, closing
ut $1,000; May, S2l, closing at SCI; June,
81. closing at SCI. Lard, per 100 pounds
1915, closing at $7.3715; June. $40, clos
ing at S7.42@. Short ribs per 100 pounds
March, S7.75. closing at $3.50; May, $7.S5. clos
ing at S7.S5; June S7.ST1a, closing at S.;
Cash quotations were as follows: Flour quiet
and unchanged. Wheat-No. 2 spring, 1910
771ac; No. spring, 13c: No. 2 red, nominal.
Corn-No.2, 341s@365sc. Oats-No. 2, 24H@
243ac. Rye-No. 2, 54kc. Barley-No2 2, 5O15c
Flax seed, No. l, 81. S19@1.09. Timothy seed,
prime, Sl-79@1.SO Mess pork, per Dbl, 5000
2O.25. Lard. per 100 lbs, $3.50 Short ribs,
sides, loose, S7.S5; dry sailed shoulders, boxed,
$6G6.25; short clear Sides boxed, SS.2O@S.25.
Whisky, dIstiers finished goods, per gal,
Sl18. Sugars-Cut loaf, 64@6%c; gran
ulated, &c; standard A, 55ac. Re-
cepts-Flour, 10000 bbls; wheat, 40
600 bu; corn, 225,OOc blu: oats, 153, 900 bu;
rye, 1000 blu; barley, $4,000 blu. Shipments
Flour, $1,000 bbls; wheat, $4,000 bu; corn,
10000 blu: oats, 100000 bu: rye, none;
barley, 81, 600 blu. On the produce exchange
to-day the butter market was steady: cream
cry, 24@3lc per ID; dairy, 22@24c. Eggs,
10s4@11Ac per doz.